Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation

Share-Based Compensation
6 Months Ended
Jun. 30, 2016
Share-Based Compensation [Abstract]  
Share-based compensation

Note 3 - Share-Based Compensation


We account for share-based awards under the provisions of ASC 718, “Compensation—Stock Compensation.” Accordingly, share-based compensation cost is measured at the grant date based on the fair value of the award and we expense these costs using the straight-line method over the requisite service period. Share-based compensation expenses were $37.0 thousand and $74.0 thousand for the three and six months ended June 30, 2016, respectively. There was no share-based compensation expense recorded in the three and six months ended June 30, 2015. See Note 6 - Share-Based Compensation, in the Notes to Consolidated Financial Statements for the year ended December 31, 2015, included in our 2015 Annual Report for further discussion.